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DLF’s promoter to sell 40% stake in DLF Cyber City Developers

09 Oct 2015 Evaluate

DLF’s parent company is all set to sell its 40% stake in the company’s rental business -- DLF Cyber City Developers -- to institutional investors. The promoters will continue to hold its 60% stake in the rental business.

Securities and Exchange Board of India (SEBI), had imposed a ban on DLF last year for allegedly misleading investors by with-holding information about some of its units and the criminal cases pending against them in its IPO prospectus.

DLF is one of India’s largest real estate companies that has over 60 years of track record of sustained growth, customer satisfaction, and innovation.

DLF Share Price

587.25 -5.35 (-0.90%)
24-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 840.95
Dilip Buildcon 455.70
DLF 587.25
Oberoi Realty 1688.15
Ahluwalia Contract(I 886.85
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